Beazley (BEZ) Given “Reduce” Rating at Peel Hunt
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group reissued an outperform rating on shares of Beazley in a research report on Thursday, November 15th. Canaccord Genuity reissued a buy rating and issued a GBX 685 ($8.95) price objective on shares of Beazley in a research report on Thursday, September 6th. Royal Bank of Canada reissued a top pick rating on shares of Beazley in a research report on Monday, October 15th. Shore Capital reissued an under review rating on shares of Beazley in a research report on Thursday, November 8th. Finally, UBS Group reissued a neutral rating and issued a GBX 580 ($7.58) price objective (up previously from GBX 560 ($7.32)) on shares of Beazley in a research report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Beazley currently has a consensus rating of Buy and an average target price of GBX 576.25 ($7.53).
Shares of Beazley stock traded up GBX 2.50 ($0.03) during trading hours on Thursday, hitting GBX 520 ($6.79). The company’s stock had a trading volume of 946,581 shares, compared to its average volume of 2,070,000. Beazley has a 1-year low of GBX 422.15 ($5.52) and a 1-year high of GBX 579 ($7.57).
Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.
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